Another bank is also offering favorable terms, so Sam decides to take a loan of $10,000 from this bank. He signs the loan contract at 13.00% compounded daily for four months. Based on a 365-day year, what is the total amount that Sam owes the bank at the end of the loans term? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.)

$10,442.57

$10,808.06

$10,860.27

$11,069.12